Volvo B stock slips from August peak as Handelsbanken sticks to Buy

Published on 09/09/2026 at 14:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Volvo B stock has retreated about 8 percent from its August 2026 high, while Handelsbanken on September 9, 2026 reiterated a Buy rating with a SEK 390 target. The shares most recently closed on Nasdaq Stockholm below that level, highlighting downside from the bank’s forecast.

Schwerer LKW fährt bei Sonnenuntergang an Container-Hafenanlage vorbei, Logistikszene — Volvo AB (SE0000115446) produziert schwere Lastwagen für Logistik und Transport in ganz Europa heute, Illustration mit AI erstellt.

Volvo B stock (ISIN SE0000115446) has come off its recent highs, with Handelsbanken on September 9, 2026 reiterating a Buy recommendation and a price target of SEK 390 after an approximately 8 percent pullback from the August 2026 peak, according to Zonebourse.

Handelsbanken sees pullback as opportunity

As Zonebourse reports on September 9, 2026, Handelsbanken maintains its Buy rating on Volvo B and sets the price target at SEK 390, arguing that the roughly 8 percent decline in the share price since the August 2026 high creates a renewed buying opportunity.

According to Zonebourse, Handelsbanken keeps its forecasts for fiscal year 2026 unchanged but raises its revenue estimate for fiscal year 2027 by 1.2 percent and its adjusted operating profit forecast by 2.6 percent, driven mainly by the heavy-truck business.

Truck division drives higher 2027 expectations

For the truck division specifically, Handelsbanken increases its adjusted operating profit forecast for fiscal year 2027 by 4.2 percent, reflecting higher expected deliveries in North America, as stated by Zonebourse.

This upward adjustment in 2027 truck profitability expectations suggests that medium-term earnings power is improving even though the bank leaves its nearer-term 2026 projections unchanged, which investors in Volvo B stock may interpret as a sign of confidence in the group’s longer-term demand and pricing environment.

Stock price remains below target

AB Volvo B is primarily listed on Nasdaq Stockholm, where the shares closed below the SEK 390 target in the most recent trading session before September 9, 2026, indicating a gap between the current market valuation and Handelsbanken’s forecast level.